Displaying items by tag: Synlait

A complaint by Synlait founder John Penno over the listed milk processor’s recapitalisation plan has been dismissed by regulators.

Embattled milk processor Synlait is the latest to increase its forecast base milk price for the 2024/25 season.

A complaint filed by a founder and minority shareholder threatens to derail Synlait’s special shareholders meeting scheduled for September 18.

Synlait is hoping that its proposed recapitalisation plan will help retain its spooked farmer supplier base.

Troubled Canterbury milk processor Synlait has unveiled a recapitalisation plan - offering new shares worth nearly $218 million to its two largest shareholders.

Canterbury milk processor Synlait has settled a long-running dispute over exclusive manufacturing rights and pricing with a cornerstone shareholder, a2 Milk Company.

OPINION: Several days after securing shareholder approval for a $130 million loan from Bright Dairy, Synlait has delivered more bad news to investors.

Shareholders of troubled milk processor Synlait have voted overwhelmingly to support a $130 million loan from its biggest shareholder, Bright Dairy of China.

Troubled milk processor Synlait’s second largest shareholders remains coy on how it will vote at a special general meeting on Thursday.

OPINION: Synlait's woes continue to drag the company down. The listed milk processor’s share price dropped to an all-time low of 30c last week, valuing the company at around only $65 million, a huge slump from its peak value.